Business
Central Garden & Pet Announces Q1 Fiscal 2025 Financial Results
Fiscal 2025 Q1 net sales of $656 million vs. $635 million in the prior year Fiscal 2025 Q1 EPS of $0.21 vs. $0.01 a year ago Maintains outlook for fiscal
About this update from Central Garden & Pet Company
[{"type":"text","content":"\nFiscal 2025 Q1 net sales of $656 million vs. $635 million in the prior year\n\n\nFiscal 2025 Q1 EPS of $0.21 vs. $0.01 a year ago\n\n\nMaintains outlook for fiscal 2025 non-GAAP EPS of $2.20 or better\n\n\n WALNUT CREEK, Calif.--(BUSINESS WIRE)--\nCentral Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), a market leader in the pet and garden industries, today announced results for its fiscal 2025 first quarter ended December 28, 2024.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250205965879/en/CENTRAL GARDEN & PET ANNOUNCES Q1 FISCAL 2025 FINANCIAL RESULTS -- Fiscal 2025 Q1 net sales of $656 million vs. $635 million in the prior year -- Fiscal 2025 Q1 EPS of $0.21 vs. $0.01 a year ago -- Maintains outlook for fiscal 2025 non-GAAP EPS of $2.20 or better (Graphic: Business Wire)\n“The fiscal year is off to a strong start, driven by increased first quarter shipments, productivity gains and easing inflation, all contributing to growth in both our top and bottom line,” said Niko Lahanas, CEO of Central Garden & Pet. “We are encouraged by our first quarter performance, but recognize this period is typically our smallest quarter and benefited from the favorable timing of shipments and promotional activities. We remain confident in our fiscal year outlook and committed to executing our Central to Home strategy with excellence.”\n\n\nFiscal 2025 First Quarter Financial Results\n\n\nNet sales increased 3% to $656 million from $635 million a year ago.\n\n\nGross profit was $196 million compared to $179 million in the prior year quarter. Gross margin improved by 160 basis points to 29.8% driven by productivity gains and moderating inflation.\n\n\nSG&A expense was $168 million compared to $170 million in the prior year. SG&A as a percentage of net sales decreased by 140 basis points to 25.5% reflecting cost discipline across the organization.\n\n\nOperating income grew to $28 million from $8 million a year ago. Operating margin expanded by 300 basis points to 4.3%.\n\n\nNet interest expense was $8 million compared to $10 million a year ago driven by higher interest income.\n\n\nNet income was $14 million compared $0.4 million in the prior year. Earnings per share were $0.21 compared to $0.01.\n\n\nAdjusted EBITDA rose to $55 million from $37 million a year a...